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USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI has broken through the support line. As a result, a bounce off 4/8 (131.25) is expected, followed by falling to the support level of 2/8 (128.12). The scenario can be cancelled by […]

Dollar bulls seem to find themselves in great comfort ahead of the Powell speech at an economic conference in Washington. The DXY index presses against 104 level and is generally at the highs of this year. The breakout of the main channel looks quite daunting for dollar shorts: The NFP report contrasted sharply with the […]

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts. TitleAUDJPY Potential for bearish drop towards intermediate support TypeBearish Breakout Preference:Looking at the H4 chart, my overall bias for AUDJPY is bearish due to the current price crossing below the Ichimoku cloud, […]

USDCAD, “US Dollar vs Canadian Dollar” On H4, the pair has formed an Engulfing reversal pattern. The instrument is now going by the pattern in a descending wave. The goal of the decline might be 1.3300; then the price may break through the support level and continue the downtrend. However, the price may pull back […]

At the end of the week, EURUSD looks neutral but there are still risks of a decline. The current quote is 1.0730. In his speech delivered yesterday, the chairman of the Fed Jerome Powell singled out the strength of the employment market in the country and announced that the CB would be working hard to […]

Daily Technical trade Set Ups for CNH50, Russell2000 & EuroStoxx50 To access today’s actionable analysis, click here! Source: Tickmill